COVID:19: Impact on the Financing Agreements
The COVID-19 pandemic and the consequent lock-down has impacted the business of all non-essential services and supplies and has disrupted collection and flow of revenues for such businesses. This impact has primarily been on account of the effect on global supply chains, foreign travel and inland transportation of goods and movement of people, especially for …
Continue reading “COVID:19: Impact on the Financing Agreements”
Moratorium relaxations extended by RBI in view of COVID-19
Introduction The Reserve Bank of India (RBI), with a view to soften the COVID-19 blow on the industry, has recently introduced a slew of measures to maintain the liquidity levels for the lending institutions and the borrowers.
IMPLICATIONS OF COVID-19 ON LISTED COMPANIES IN INDIA
On March 11, 2020, the World Health Organization characterized COVID-19 as a pandemic with an observation that governments, industries and individuals should continue to implement comprehensive strategies and measures to prevent infections, save lives and minimize impact. The crippling effects of COVID-19 are causing massive business interruptions across the globe/industries.
PREFERENTIAL TRANSACTIONS AND NATURE OF DEBT UNDER A MORTGAGE SECURING OBLIGATIONS OF A THIRD PARTY
In the case of Anuj Jain Interim Resolution Professional for Jaypee Infratech Limited v. Axis Bank Limited Etc., the Supreme Court had occasion to examine (i) certain provisions relating to preferential, fraudulent and undervalued transactions contained in the Insolvency and Bankruptcy Code, 2016 (‘IBC’) and (ii) the issue pertaining to existence of a financial debt …
CHALLENGES FACED BY A SUCCESSFUL RESOLUTION APPLICANT AFTER APPROVAL OF A RESOLUTION PLAN
Despite its best intents, Insolvency and Bankruptcy Code, 2016 (IBC) falls short in coming to the Resolution Applicant’s assistance when it comes to implementation of a resolution plan, both after approval of the resolution plan by the Committee of Crediors (CoC) as well as post approval by the Adjudicating Authority. Despite the resolution plan being …
COVID-19: Checklist for Invoking Force Majeure Provisions under the Contract
The unprecedented global pandemic which has resulted from COVID-19 has led to uncertainties and government actions which have severely impacted businesses and are likely to continue to do so for the foreseeable future. In India, the National Disaster Management Authority has issued an order dated 24 March, 2020 (“NDMA Order”) followed by the Ministry of …
Continue reading “COVID-19: Checklist for Invoking Force Majeure Provisions under the Contract”
THE LEGALESE OF LOCKDOWN
The COVID-19 pandemic is an unprecedented global crisis. India has also been severely hit by this and the government has had to take some extraordinary measures, including closing commercial establishments, public markets and educational institutions and restricting movement of public by imposing a lockdown. The government is using the powers granted under the Criminal Procedure …
COVID-19 | LEGAL IMPLICATIONS ON M & A TRANSACTIONS IN INDIA AND WHAT YOU SHOULD KNOW
The Novel Corona Virus (“Covid 19”) came to light in December 2019 and by March 15, 2020 it has affected nearly every part of the world causing panic, confusion, frenzy and most important of all large scale disruptions to every industry and businesses around the world.
SOCIAL MEDIA INFLUENCERS: BOON OR BANE?
“Social Media Influencers, whether their audience is significant or small, impact the lives of everybody who watches their content. They do have a responsibility to ensure what they are publishing is not harmful or offensive.” This statement made by the Single Judge of the Bombay High Court brought into the limelight the impact and responsibilities …
ECONOMIC OFFENCES AND DIRECTOR LIABILITY UNDER INDIAN LAW
In the last few years, Indian law enforcement agencies have been aggressively investigating businesses that are implicated in any malfeasance or even non-compliance of license terms as required under statutes. Typically, most of the offences committed by companies fall in the category of economic offences. Indian courts have held that economic offences need to be …
Continue reading “ECONOMIC OFFENCES AND DIRECTOR LIABILITY UNDER INDIAN LAW”